† Cash reward offer begins on April 30, 2022, at 12:01 am ET and ends on January 31, 2023, at 9:00 pm ET. Offer available to Canadian residents who are age 25 and older for a CIBC Smart™ Account or have reached the age of majority for a CIBC Smart™ Plus Account, and from 2019 to the time of opening the account are not holders or joint holders of a CIBC chequing account, all as determined by CIBC in its sole discretion. To qualify for the first $350, open a CIBC Smart Account or CIBC Smart Plus Account and provide your email address. Within 2 months of opening the account, complete at least 1 recurring direct deposit and 1 of the following 3 activities: (i) at least 2 different recurring pre-authorized debits; (ii) at least 2 eligible Visa Debit purchases; or (iii) at least 2 online bill payments of at least $50 each. The direct deposit and the pre-authorized debit must remain in effect for at least 1 year from after the month of opening the account. Eligibility of transactions will be determined by CIBC in its sole discretion. To qualify for the additional $50, complete steps to receive the first $350 and within 2 months of opening the Smart Account or Smart Plus Account, transfer at least $200 from your account into your eAdvantage® Savings Account. Offer cannot be combined with any other offer, reward, rebate or the CIBC Smart Start or Smart for Students benefit on the Smart Account unless otherwise indicated by CIBC. The cash reward will be deposited into your account within 7 months after the month that you opened the account. Other conditions apply; review the terms and conditions (PDF, 135 KB) Opens in a new window..
‡ Monthly fee rebate offer only open to Canadian residents who are not holders or joint holders of a CIBC chequing account. To qualify, open a CIBC Smart Account and provide your email address. The monthly fee will be rebated for the month in which the account is opened and for the next 2 months. Other service fees continue to apply as set out in the Personal Account Service Fees brochure. For details, review the CIBC Smart Account Fee Rebate Terms and Conditions (PDF, 105 KB) Opens in a new window..
◊ Value of over $1,100 is based on the following, as of April 30, 2022 and assumes the following services are used:
i) $203.40 ($16.95 per month for unlimited transactions) for using a CIBC Smart™ Account;
ii) $289 in annual fees for the CIBC Aventura® Visa* Infinite* Card, which includes a $139 annual fee rebate for the primary cardholder and annual fee rebates for 3 additional authorized users ($50 for each authorized user);
iii) $60 in value based on the inclusion of CIBC Overdraft Protection Service monthly fees ($5 per month); note that interest charges for overdraft amounts and overdraft overlimit fees apply;
iv) $20 in value based on non-CIBC bank machine fees assuming 6 domestic, 1 U.S. and 1 international bank machine withdrawals in one year;
v) $77.79 for an order of 100 duplicate cheques in Ontario per year;
vi) $9.95 for 1 bank draft per year;
vii) $9.95 for 1 money order per year;
viii) $25 for 2 stop payments per year;
ix) $12 for CIBC Mutual Funds RRSP annual administration fee
x) Up to $400 offer for opening your first CIBC chequing account. Get $350 within 2 months of opening the account, by completing at least 1 recurring direct deposit and 1 of the following 3 activities: (i) at least 2 different recurring pre-authorized debits; (ii) at least 2 eligible Visa Debit purchases; or (iii) at least 2 online bill payments of at least $50 each. The direct deposit and the pre-authorized debits must remain in effect for at least 1 year from after the month of opening the account. Plus, within 2 months of opening the account, transfer at least $200 from the account into your eAdvantage® Savings Account.
† This is a combined bonus, regular and Smart annual interest rate offer. The offer only applies to clients opening their first CIBC eAdvantage® Savings Account (“eSA”). Eligible eSAs will earn bonus interest (“Bonus Interest”) for 120 days from the date the eSA is opened, in addition to regular (“Regular Interest”) and Smart Interest (each month in which you save at least $200 across all your account(s) with the same account holders). Bonus Interest is calculated daily at the current rate on each day’s full closing balance (up to a balance limit of $1,000,000) and paid monthly. Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly. Smart Interest is calculated daily at the current Smart Interest rate on each day’s full closing balance (up to a balance limit of $200,000 across all accounts with the same account holders and paid between the first 5 to 7 business days of the following month. Bonus Interest, Regular Interest and Smart Interest rates quoted are annual. Interest rates may change at any time without prior notice. For current rates, ask at any CIBC Banking Centre Opens in a new window. or go to CIBC eAdvantage Savings Account Special Offer.
Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 110 KB) Opens in a new window. or visit a CIBC Banking Centre Opens in a new window..
1 The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Each Interac e-Transfer transaction you send counts as a transaction for calculating your monthly fee. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 300 KB) Opens in a new window..
2 CIBC will rebate one non-CIBC ATM withdrawal fee charge; charges from the other financial institution may apply.
3 Entire monthly fee is rebated if you maintain a minimum end of day balance of $4,000 each day. For details, review the CIBC Smart Account fee rebate terms and conditions, part of the Personal account service fees (PDF, 210 KB) Opens in a new window..
4 A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. For CIBC eAdvantage Savings Accounts, a transaction does not include transfers to your other CIBC personal bank account(s) and to your CIBC Personal Line(s) of Credit (except Interac e-Transfer service which will be treated as a transaction) and transfers to your CIBC Credit Card account(s). For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. “CIBC-branded” means any brand that has CIBC in its name. Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (for CIBC Smart Plus Accounts, the fee for all non-CIBC ATM withdrawals in Canada, the U.S. and internationally is rebated each month; for CIBC Smart Accounts and for clients enrolled in CIBC Smart Start or CIBC Smart for Students, the fee for 1 non-CIBC ATM withdrawal made in Canada is rebated each month), Interac e-Transfer® transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Smart Start, CIBC Premium Growth Account with CIBC Advantage for Youth, CIBC Smart for Students, and CIBC Advantage for Students on the CIBC Everyday Chequing Account; clients 65 years of age and older do not pay the Interac e-Transfer fee on any CIBC chequing account) and foreign currency transactions (including cheques written in currencies other than the account currency).
5 Any free or unused transactions can't be carried forward for use in subsequent months.
6 Regular interest (“Regular Interest”) is calculated daily at the current rate on each day’s full closing balance and paid on the last business day of the month. Your entire account balance earns this rate. This interest cannot be withdrawn and will not be printed at branch terminals or bank machines or made available through CIBC Telephone or Online Banking, until the second business day of the following month.
Interest rates quoted are annual. Interest rates and balance tiers are subject to change without prior notice.
If you have any questions about our interest rates, call 1-800-465-2422 Opens your phone app., or visit a CIBC Banking Centre Opens in a new window..
7 Smart Interest is a bonus interest reward earned on the total account balance in your CIBC eAdvantage Savings Account(s), up to a maximum aggregate balance limit of $200,000 (“Smart Balance Maximum”), each month in which you save at least $200 (excluding interest earned) across all your account(s) with the same account holders (“Smart Balance Growth”). Smart Interest is calculated daily at the current Smart Interest rate on each day’s full closing balance (up to the Smart Balance Maximum) and paid between the first 5 to 7 business days of the following month. Smart Interest rate quoted is an annual rate. Smart Interest, the Smart Balance Maximum and the Smart Balance Growth amount may change at any time without prior notice. Other conditions apply. See the full Terms and Conditions available at CIBC Smart Savings.
8 Subject to credit approval.
9 The rebate is also available for cardholders with the following CIBC cards no longer available for new clients: CIBC Aventura World Mastercard®, CIBC Aventura World Elite® Mastercard, CIBC Aerogold Visa and CIBC Gold Visa. The rebate is up to $139 on the annual fee for primary cardholder and up to $50 on the annual fee for up to 3 additional cards.
Terms and conditions apply. For details, review the CIBC Smart Plus Credit Card Annual Fee Rebate Terms and Conditions (PDF, 75 KB) Opens in a new window..
10 Fees charged by other financial institutions or third parties for using their ATMs, and the 2.5% administration fee on the converted amount for foreign currency ATM withdrawals aren't included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
11 Flat monthly fee for unlimited everyday banking transactions, unlimited Interac e-Transfer transactions and ATM withdrawals. Entire monthly fee is rebated if you maintain a minimum balance at the end of each day of the month of $6,000 in your account or at least $100,000 in eligible Savings and Investments. Terms and conditions apply. For details, review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 90 KB) Opens in a new window..
12 Currently available on the CIBC Smart™ Account, CIBC Smart™ for Seniors, CIBC Smart™ for Newcomers and CIBC eAdvantage® Savings Account.